Slow Growth Predicted In the Relay And Industrial Control Manufacturing Market

Posted by sainath on September 18th, 2018

Relay and industrial control manufacturing industry comprise establishments manufacturing relays, motor starters and controllers and other industrial controls and control accessories. Major products in this industry are control circuit relays and devices, brakes and clutches, armature relays, motor controls and starters, solenoid switches, timing devices, rheostats and others.

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The global relay and industrial control manufacturing market has shown high growth in the past years with a CAGR of over 8%. The year 2017 recorded highest ever growth in this market as per TBRC’s inhouse consultants

TBRC’s latest report show the historic and future trends in the market for each year with sourced reasons to support the growth claims.

The report also shows the relay and industrial control manufacturing market to grow very slow with just the half CAGR by 2021 as compared to 2017.

Sample report:

The industrial controls segment was the second largest segment in the relay and industrial control manufacturing market with about 40% share of the market. Industrial controls integrate several control systems and instrumentation used in industrial production that include SCADA (Supervisory control and data acquisition) systems, distribution control systems, and PLC’s (programmable logic controllers).

Companies included in the report are ABB Ltd, Rockwell Automation, Schneider Electric S.A., Omron Corporation, and Siemens.

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